Two In One United Group

Fatmata is the leader of this group of entrepreneurs. She was born in Masongbo Loko village, about 37 years ago. She is married to a businessman and the couple has 4 children, 2 of them are attending primary school and the others are in secondary school. For many years now, Fatmata has been selling rice and groundnut/peanuts, etc.

Fatmata and her group members are requesting for their second SMT/Kiva lenders loan. Previous loans have made a huge impact on the lives and businesses of these borrowers. Having completed repaying the previous loan, they are again requesting for a new loan of 500,000 (SLL) Sierra Leonean Leones for each, in order to further develop their respective businesses. Group leader Fatmata will again use her share of the loan to buy rice and groundnuts in bulk to add to her current stock.

Additional Information

About Salone Microfinance Trust (SMT)

Salone Microfinance Trust (SMT) is Kiva’s oldest field partner in Sierra Leone. SMT began operations in 2002 as a microcredit program of the NGO Child Fund Sierra Leone under a USAID program to assist the reintegration of ex combatants back into their communities. Today, SMT offers group, agricultural, individual and salary loans to micro-entrepreneurs through six branches and one sub-branch in rural, urban, and peri-urban areas. By providing small loans and other financial services, SMT empowers poor clients to generate more income to help their families, improve their wellbeing, and create a more vibrant private small-business sector in Sierra Leone.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.